James Wynn: Expecting Bitcoin to rebound to $97,000 to $103,000, then will drop again

**Bitcoin Trader James Wynn Updates Position, Bullish on Short-Term Rebound** On December 4, “Bankruptcy” trader James Wynn confirmed in a social media post that he closed his Bitcoin short position five days prior. He’s bullish on a near-term rebound, targeting a rise to the $97,000–$103,000 range, followed by a subsequent pullback that could fall as low as $46,618. In prior news dated December 2, Wynn’s wallet address (0x8da) opened a 40x-leveraged Bitcoin long position at an average entry price of $85,400. The position size is roughly $2.95 million, with an unrealized profit of $57,000 (77%) as of now. On November 10 and 25, Wynn issued two bearish calls on X (formerly Twitter) that correctly foresaw Bitcoin’s price drop. However, the actual decline fell well short of his $67,000 target.